Livestock of different sexes cannot qualify for like-kind exchange treatment even if the livestock has been held for over one year.

Name: Livestock of different sexes cannot qualify for like-kind exchange treatment even if the livestock has been held for over one year.
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Question

Quizplus · Accepted Answer

Livestock of different sexes are considered to be of different "classifications" and therefore cannot be exchanged under like-kind exchange rules, even if they have been held for over one year.

Livestock of Different Sexes Cannot Qualify for Like-Kind Exchange Treatment